Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
6 months ago

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Associated Press  

TOKYO — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen, down nearly 12% from 1.38 trillion yen a year earlier. In fact, “most of the increase in trade values over the past year reflects rising prices due to the sharp weakening of the yen rather than any marked improvement in volumes,” it said. The Bank of Japan’s meeting minutes released Wednesday showed its decision makers debating about the weak yen’s impact on inflation, which has remained relatively low compared with other major economies.

History of this topic

Rahul slams govt over trade deficit touching all-time high
5 days, 21 hours ago
Trade War Widened US Trade Deficit, Increased Chinese Global Exports
1 week, 1 day ago
Why Japan is struggling to recover its economic mojo
2 weeks, 5 days ago
Japan Intervened Twice Last Quarter to Bring Yen Below 160
1 month, 2 weeks ago
US trade deficit widens to over two year-high in September 2024; Gold imports highest since March 2022
1 month, 2 weeks ago
Chinese Toymaker Seeks Global Expansion in Emerging Markets
Top News
2 months ago
Chinese Toymaker Seeks to Boost Exports to Emerging Markets
2 months ago
Chinese Toymaker Seeks to Expand into Emerging Markets as Exports Soar
2 months ago
China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 1 week ago
China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 1 week ago
China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 1 week ago
Japan grapples with high rice prices amid shortage
2 months, 3 weeks ago
Japan’s economy is growing, but political uncertainty is among the risks
3 months, 2 weeks ago
Japan records trade deficit as surging global prices pushes imports higher
4 months ago
Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers
4 months ago
China's exports integrating into global supply chains
4 months ago
China's exports integrating into global supply chains
4 months ago
Exports slip to 8-month low in July, deficit widens 23.7%
4 months, 1 week ago
Export sector performance exceeds expectations
4 months, 2 weeks ago
Japan's trade deficit for first half declines as exports recover
5 months ago
India's exports in Q1 show resilience despite global slowdown: CRISIL
5 months ago
China’s exports grow 8.6% in June, beating forecasts despite trade tensions
5 months, 1 week ago
China sees imports and exports expand yearly
5 months, 1 week ago
Japan signals it may prop up yen after currency falls to 38-year low
5 months, 3 weeks ago
Japan’s economy is shrinking, although slightly less than previously thought
6 months, 1 week ago
Japan's economy is shrinking, although slightly less than previously thought
6 months, 2 weeks ago
China’s exports grow 7.6% in May, beating expectations despite trade tensions
6 months, 2 weeks ago
Japan’s economy shrank more than expected in the first quarter
7 months, 1 week ago
Why is Japan’s yen falling and why is it so weak against the US dollar?
7 months, 3 weeks ago
Japan’s yen surges after sinking to lowest level against dollar since 1990
7 months, 3 weeks ago
Japan records a trade deficit for the third straight fiscal year despite recovering exports
8 months ago
Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery
9 months ago
Lack of drivers drops Japan down to fourth
10 months ago
Japan slips into recession; loses its spot as the world's third-largest economy
10 months, 1 week ago
Japan slips to the world's fourth-largest economy, behind the US, China and now Germany
10 months, 1 week ago
Japan slips into a recession and loses its spot as the world’s third-largest economy
10 months, 1 week ago
Japan slips into a recession and loses its spot as the world’s third-largest economy
10 months, 1 week ago
Japan slips into recession, allowing Germany to overtake as world’s third-largest economy
10 months, 1 week ago
Japan's exports surge 10% in December on strong demand for autos, revived trade with China
10 months, 4 weeks ago
Exports marginally up at $38.45 billion in December; trade deficit narrows
11 months, 1 week ago
China’s exports rise 2.3% in December amid uneven recovery, while consumer prices edged lower
11 months, 1 week ago
Japan Cabinet OKs record military budget to speed up strike capability, eases lethal arms export ban
1 year ago
Japan’s economy sinks into contraction as spending, investment decline
1 year, 1 month ago
Japanese automaker Nissan's profits zoom on strong sales, favorable exchange rates
1 year, 1 month ago
Trade deficit eases as imports plunge
1 year, 2 months ago
Japan records a trade deficit in August as exports to China, rest of Asia weaken
1 year, 3 months ago
Japanese economic growth surges on strong exports and tourism
1 year, 4 months ago
India’s exports in January dipped by 6.58% to $32.91 bn
1 year, 10 months ago
Japan unveils record 114.4 trillion-yen budget in fresh boost to military capacity
2 years ago

Discover Related